Zhibao Technology Inc. (NASDAQ:ZBAO) Short Interest Update

Zhibao Technology Inc. (NASDAQ:ZBAO) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 236,811 shares, a growth of 17,506.8% from the March 31st total of 1,345 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 317,744 shares, the days-to-cover ratio is presently 0.7 days.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Zhibao Technology in a research report on Friday, April 10th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Zhibao Technology Price Performance

NASDAQ ZBAO opened at $0.73 on Friday. The business has a fifty day simple moving average of $0.84 and a 200 day simple moving average of $0.92. Zhibao Technology has a 12 month low of $0.61 and a 12 month high of $1.35.

Zhibao Technology (NASDAQ:ZBAO) last released its quarterly earnings results on Tuesday, March 31st. The company reported ($0.01) EPS for the quarter. The company had revenue of $14.72 million during the quarter.

Zhibao Technology Company Profile

Zhibao Technology Inc, through its subsidiaries, provides digital insurance brokerage services in China. It also offers managing general underwriter services; and offline insurance brokerage consulting services. The company was founded in 2015 and is based in Shanghai, China.